Statistics & Applications > Financial Math
Medium
applied
A machine costing ₹ 36000 has an effective life of 5 years with scrap value of ₹ 5000 following a linear method of depreciation. Which of the following statements are **correct**? (A) The value of the machine after 1 year is ₹ 31000 (B) The value of the machine after 2 years is ₹ 23600 (C) The value of the machine after 3 years is ₹ 18400 (D) The value of the machine after 4 years is ₹ 11200 Choose the **correct** answer from the options given below:
✅ Correct Option: 3
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